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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • Nasdaq QQQ Facing 10 Year Old Trendline Resistance 0 comments
    Aug 22, 2012 11:57 AM | about stocks: QQQ, QID

    I noted trendline resistance faced by the S&P yesterday. Today, we look at Nasdaq's QQQ ETF which appears to be facing trendline resistance of its own that dates back over 10 years.

    (click to enlarge)

    Stocks: QQQ, QID
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